12,707 Shares in nLIGHT, Inc. (NASDAQ:LASR) Acquired by Creative Planning

Creative Planning acquired a new stake in nLIGHT, Inc. (NASDAQ:LASR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,707 shares of the company’s stock, valued at approximately $136,000.

Several other large investors also recently bought and sold shares of LASR. State Board of Administration of Florida Retirement System increased its stake in shares of nLIGHT by 9.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,913 shares of the company’s stock valued at $181,000 after acquiring an additional 1,220 shares during the period. ProShare Advisors LLC boosted its stake in nLIGHT by 15.0% during the 1st quarter. ProShare Advisors LLC now owns 11,518 shares of the company’s stock valued at $150,000 after purchasing an additional 1,503 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of nLIGHT by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,681 shares of the company’s stock worth $204,000 after buying an additional 1,546 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of nLIGHT by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company’s stock valued at $172,000 after buying an additional 1,886 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in nLIGHT by 6.7% during the second quarter. Squarepoint Ops LLC now owns 52,823 shares of the company’s stock valued at $577,000 after buying an additional 3,332 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

nLIGHT Stock Performance

LASR opened at $11.12 on Wednesday. The stock has a 50-day moving average of $11.23 and a 200-day moving average of $11.71. nLIGHT, Inc. has a 52-week low of $9.80 and a 52-week high of $15.00. The company has a market cap of $535.21 million, a PE ratio of -10.80 and a beta of 2.33.

Insider Transactions at nLIGHT

In related news, CFO Joseph John Corso sold 4,461 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $11.44, for a total transaction of $51,033.84. Following the transaction, the chief financial officer now owns 171,434 shares of the company’s stock, valued at approximately $1,961,204.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Scott H. Keeney sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $13.73, for a total value of $205,950.00. Following the sale, the chief executive officer now owns 1,347,781 shares of the company’s stock, valued at $18,505,033.13. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joseph John Corso sold 4,461 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total transaction of $51,033.84. Following the sale, the chief financial officer now directly owns 171,434 shares in the company, valued at $1,961,204.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,461 shares of company stock worth $591,634. Company insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

LASR has been the topic of a number of research reports. Cantor Fitzgerald began coverage on shares of nLIGHT in a report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 target price on the stock. Needham & Company LLC increased their price objective on nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Benchmark restated a “speculative buy” rating and issued a $17.00 target price on shares of nLIGHT in a report on Friday, August 2nd.

About nLIGHT

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.